Woodpecker Co. has $300,000 in accounts receivable on January 1. Budgeted sales for January are $993,000. Woodpecker Co. expects to sell 20% of its merchandise for cash. Of the remaining 80% of sales on account, 75% are expected to be collected in the month of sale and the remainder the following month. The January cash collections from sales are , $1,094,400 b. $875,520 c. $1,394,400 d. $656,640 Stephanie Corporation sells a single product. Budgeted sales for the year are anticipated to be 625,000 units estimated beginning inventory is 100,000 units, and desired ending inventory is 86,000 units. The quantities of direct materials expected to be used for each unit of finished product are given below. Material A 0.50 lb. per unit@$0.73 per pound Material B 1.00 lb. per unit@ $2.18 per pound Material 1.20 lb, per unit @ $0.94 per pound The dollar amount of material A used in production during the year is a. $689,208 b.$223,015 , $228,125 d. $1,331,980 A business operated at 100% of capacity during its first month and incurred the following costs: Production costs (17,000 units): Direct materials Direct labor Variable factory overhead Fixed factory overhead $173,900 228,000 255,400 96,000 $753,300 Operating expenses Variable operating expenses Fixed operating expenses If 1,900 units remain unsold at the end of the month, what is the amount of inventory that would be reported on the variable costing balance sheet? $126,200 46,600 172,800 Oa. $87,568 b. $103,505 c. $84,192 d. $73,454